Sponsored

Total loss payout examples?

Cory S

Well-Known Member
Joined
Dec 10, 2019
Threads
47
Messages
3,355
Reaction score
3,695
Location
Bradford, NH
First Name
Cory
Vehicle(s)
2016 Mustang GT Premium
As some of you know. My car was completely demolished on Thursday. It will be a total loss payout. Car was in excellent condition with only 27K miles, premium car with all the options.

I’m curious as what I could expect as a payout. So if anyone has has been through this truly devastating event, can you tell me what you received for your 2015+ Mustang GT? Maybe add mileage/options?

Thank You.
Sponsored

 

Joshinator99

Well-Known Member
Joined
May 13, 2023
Threads
1
Messages
249
Reaction score
459
Location
Massachusetts
First Name
Josh
Vehicle(s)
2022 Mustang GT Premium, 2017 Camaro 2SS
As some of you know. My car was completely demolished on Thursday. It will be a total loss payout. Car was in excellent condition with only 27K miles, premium car with all the options.

I’m curious as what I could expect as a payout. So if anyone has has been through this truly devastating event, can you tell me what you received for your 2015+ Mustang GT? Maybe add mileage/options?

Thank You.
First I’ve heard of this…so sorry to hear it. 🙁 Hope you are ok…?

It’s been a long time, but back in 2004 I lost my ‘97 Firebird Formula WS6…383 stroker with nitrous. Had a garage fire…nitrous bottle ended up in the cemetery at the end of the street… 😳😂. Think I ended up with an insurance payout of roughly KBB private party value. If you’ve got recent pics to establish condition, that will help your cause. Plus proof of mileage. They’ll have your vin so should know options but I’d run the numbers myself so that way you’ll know if their offer is bullshit.
 
OP
OP
Cory S

Cory S

Well-Known Member
Joined
Dec 10, 2019
Threads
47
Messages
3,355
Reaction score
3,695
Location
Bradford, NH
First Name
Cory
Vehicle(s)
2016 Mustang GT Premium
First I’ve heard of this…so sorry to hear it. 🙁 Hope you are ok…?

It’s been a long time, but back in 2004 I lost my ‘97 Firebird Formula WS6…383 stroker with nitrous. Had a garage fire…nitrous bottle ended up in the cemetery at the end of the street… 😳😂. Think I ended up with an insurance payout of roughly KBB private party value. If you’ve got recent pics to establish condition, that will help your cause. Plus proof of mileage. They’ll have your vin so should know options but I’d run the numbers myself so that way you’ll know if their offer is bullshit.
I do have pictures yep. I usually see payouts nearing retail value. I spoke with the very considerate agent about mileage and that it just hit 27K less than a couple weeks ago, and she didn’t seem to be concerned if I had any proof

You want want to see the pictures, but I will leave one here. I’m hurt and sore, but not broken or dead somehow.

IMG_6514.jpeg
 

Joshinator99

Well-Known Member
Joined
May 13, 2023
Threads
1
Messages
249
Reaction score
459
Location
Massachusetts
First Name
Josh
Vehicle(s)
2022 Mustang GT Premium, 2017 Camaro 2SS
I do have pictures yep. I usually see payouts nearing retail value. I spoke with the very considerate agent about mileage and that it just hit 27K less than a couple weeks ago, and she didn’t seem to be concerned if I had any proof

You want want to see the pictures, but I will leave one here. I’m hurt and sore, but not broken or dead somehow.

IMG_6514.jpeg
Holy cow!?! That’s a crazy wreck…guess it’s a testament to the Mustang’s crash worthiness.

Given how much values have jumped up on used vehicles over the past few years, you’re probably in a much better situation to get full retail than I was nearly 20 years ago.
 

Sponsored

Strokerswild

Shallow and Pedantic
Joined
Nov 7, 2014
Threads
74
Messages
6,559
Reaction score
5,307
Location
Southern MN
First Name
Dave
Vehicle(s)
Things With Wheels
Glad you're OK. I would have guessed otherwise by those pics. 😳
 

Bikeman315

Well-Known Member
Joined
Apr 12, 2015
Threads
518
Messages
15,165
Reaction score
19,009
Location
Myrtle Beach, SC
First Name
Ira
Vehicle(s)
2019 Mustang GT/CS, 2021 Volvo XC60
Holy crap Cory. So glad you walked away from that. Someone upstairs decided it wasn’t your time. Hopefully you will continue to be OK.

So when are you ordering your new S650?
 
OP
OP
Cory S

Cory S

Well-Known Member
Joined
Dec 10, 2019
Threads
47
Messages
3,355
Reaction score
3,695
Location
Bradford, NH
First Name
Cory
Vehicle(s)
2016 Mustang GT Premium
Holy crap Cory. So glad you walked away from that. Someone upstairs decided it wasn’t your time. Hopefully you will continue to be OK.

So when are you ordering your new S650?
Thank You.

LOL. I’ll be taking a few years away from the scene again.
 

Sponsored

RagmopInKona

Banned
Banned
Banned
Joined
May 4, 2022
Threads
39
Messages
1,939
Reaction score
1,709
Location
CEO
Vehicle(s)
2020 Mustang HHP
Glad you are just sore. What you hit a pole?
buy it back and buy a ffr daytona kit car, it'll take you a few years to build it. and back in action.
 

Andy13186

Well-Known Member
Joined
Sep 19, 2018
Threads
106
Messages
2,419
Reaction score
1,383
Location
Florida
Vehicle(s)
2018 Mustang GT 10speed Aluminator Whippled
Damn, any more details on the crash? Thats a bad one.

I totaled a CTS-V a while ago, got near used value (minus deductible) and they let me take off most of the aftermarket mods including exhaust etc.
 
OP
OP
Cory S

Cory S

Well-Known Member
Joined
Dec 10, 2019
Threads
47
Messages
3,355
Reaction score
3,695
Location
Bradford, NH
First Name
Cory
Vehicle(s)
2016 Mustang GT Premium
Glad you are just sore. What you hit a pole?
buy it back and buy a ffr daytona kit car, it'll take you a few years to build it. and back in action.
Car played pinball off of few trees in the woods.
Damn, any more details on the crash? Thats a bad one.

I totaled a CTS-V a while ago, got near used value (minus deductible) and they let me take off most of the aftermarket mods including exhaust etc.
Wheelspin at shift. Veered straight into the woods instantly at 70-75mph.
 

Andy13186

Well-Known Member
Joined
Sep 19, 2018
Threads
106
Messages
2,419
Reaction score
1,383
Location
Florida
Vehicle(s)
2018 Mustang GT 10speed Aluminator Whippled
Car played pinball off of few trees in the woods.
Wheelspin at shift. Veered straight into the woods instantly at 70-75mph.
Similar to mine but I was going slower. I no lift shifted 1-2 and blew the tires off so hard I couldnt recover, I hit a pole head at around 45 mph and it fell on top of my car. No injuries for me since it was head on and I braced well and wasnt going as fast thankfully.



Good luck with recovery, very lucky to have come out of that one.

After my accident Ive always left stability control on in the mustang
Sponsored

 
 




Top